Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-09-01
CAPITALS new COMBINE.
MonopoIes, Long Unpopular, are
Now Obsolete and "Trlsts"
are in Fashion.
81 Those New II Opera
tiOn.
Oh, Gao, WhifRy, Cattle, and Rubber in
-" Trust" erc Street Railways en-
lhe Verge,
WHAT 4 "IRUS1" Is.
ChisaCO IntCr-OCeGn-

"t~usc." Is ltI1t.,r 70 caT;-al IS not
unlike t1a. Ct &c various labor organlZ&-
tlons 20 labor IL NJ latter case, how
ever, combination las beeu the iLstTu-
menI Of warfare witch Ile wzgc-workeCs
have used from the earliest times, but
combinations among manufacturing con-
CtrlS q Ire na.u-e of the modern trust
Sre Of comparatively recent date. l..
fac, with one exception, that OF the
Standard on T-ust, al TIE vsri0Cs trusts
nave sprung into existence within the
last tTo years. The Standard Oh Trust
Was -le ifs. conbinati II Of this kind,
and IL success has probably had much Ia
do il pOpuer.Zirg re trust idea among
capitalists.
Tee peculiarly of the trust is that Il,
steps IL a2d relieves the owner CT L
prCp-rt controlled by the combination
Of &Dy anxiety IS to the market price Of
his products, and is further supposed 10
insure him ;. Drofs by restricting and IL
most instances entirely throtIi1g cOmpc-
titj9n. II snort, the trust is en aggrec.-
ton Of capital, which agrees to take en-
tire Charge OF any line CT business and
run il in the intCTgs. Of the people, who,
without The trust, you'd see their profits
narrowed down 70 8 very smsll margin,
or TO 70 margin 81 al, by cOmnetIri0n.
Tee plain inference to be drawn from the
organization Ct the trust is that il is 3
monopoly, and the more successful il is
as trust the more complete and &5so-
iute z monopoly it is. II most Instances
t1e various properties controlled by the
trust are turned over TO 9 board OF tTus-
tees, who manage affairs 20 suit them
selves. Very few CT the trusts make any
statement REGARDING their business, ard,
as consequence, exact information is
very difficult to obtain Following, now
ever, sre the salient features Ct the more
prominent trust companies:
THE STANDARD Gil TRUST.
As mas been stated, the Standard Oh
Trust is the parent of all the trusts in
this country. Il was formed 4 score IF
years age, Just &fter the close Of the
Wsr, and il celebrated as being the closest
corporation il existence. The courts,
legislative investigating committees, aLd
private irquiTy have all done their best ,
give 10 the pUo.ic the inside workings CT
t2i5 monopoly, srd al to very little pur-
pose. l, is k1oWn well enough that the
Cojact Of the cTust = the refining, holding
anI sslC CO oil and lis products Il OWNS
-
CT PENNSYLVANIA sud Ohio and hiss rein
cries located al Pittsburg, Cleveland, Oh
CRY, Philadelphia and New GoTE. Ii
also owns the controlling interest i
the National Transit Comp2ny
Which operates pipe line from
tn Pennsylvania oil fields to tiG&water
To- charge Ter piping oil is 20 cents pei
barrel, ard the profits from this e0prc:
fa faN1 T. .
profits from piHiDg oil are reported Il
nave been 1000 600. The charge fOi
piping Oil il regarded as excessive, bui
ell competition has either been f1Cz3n ou'
or bought GU, and the Standard Oil peO-
pie adopt the old-time railroad maxim Of
charging as much IS the traffic will bear
So oversh1dowiag had the power of tht
Standard Oh Trust become that prior L
the passage of the inter- state law The
outside refneries were unable to shiI
their product owing to the favorsol;
and exclusive contracts secured by th(
StECdtrd Oil Company whereby its pro
dues were carried at rates 50 TO 30 PEI
cent. lower than those CT competitive re.
fneries. II this way the Standard OF
Company had an absolute monopoly o
the Pacific coast trade. The inter-stat,
commerce law, however, las PARTIAL,
done away With The Discrimination
against outside companies. The STANDARD
Oil Trust, however, still controls three
fourths OF the entire oil business of tn,
country, ard with the prestige Of 1T
great money interests is still able, II i
claimed, 20 secure concessions from tht
railroads which enable it to underseil el
competitors il distant markets. Ths
capital OF the trust is said to be $50, 600,
GOO, very large proportion OF which i:
water. About the time of the passage 0
the interstate commerce law the lrU8
certificates sold at 250, but have sinct
been offered st lS5. There are, however
but very few on the market. The lead
ing spirits in this trust are J. D. Rocks
feller and Colonel Payne, both of whom
sre repu.ed TO oe worth away up into TIT
millions.
THE COTTON SEED OIL TRUST.
Probably the best known Of the more
recently organized trusts is the An erical
Cotton Seed on Trust. This trust we
formed q little over year ago, and is
combination among the manufacturers 0
Gotten seed oil to control the market f.
tha- commodity. There are now out
standing S4l Gee 900 in tiust certificates
which have been issued for the purpose O
buying up tie various cotton seed O:
mills. TIE title deeds to these proper
ties ere deposited with trustees, who have
issued the trustees certificates for SO
each. II is generally understood that tn,
price paid for the cotton seed oil mill:
bought by the trust was 8 fair valuation
IN trust certificates at about so. On thi
hypothesis the actual value of properties
controlled by the trust would be sbou
Sl4,0CO,000, although the capitalization
is stated over $4,000, 900. For the yea
ending May 81, the trust earne.
net S2,4S9,720, and had on hant
unsold products valued st SS.S76. Geo
A dividend Of l per cent. paws
be ct the beginning Of each qusrter O
me ensuing year, was declared at re
cent meeting CT the trustees. The trus
controls al present eighty-three mile
located throughout the south. 1t hiss ed
ysnced the price of cotton. seed Gil 40 pc
cent, aid has reduced the price paid t
plsnters for cotton seed about 25 pc
cent, TO that extent making the publ
suffer. The monopoly which ii now en-
Joys IS threatened By rival Compan
Known as the Southern Cotton Seed o.
Company, which has built eight lars
mills this year. 1t is whispered, however
that the latter concern will be absorbe
by the larger and weather. trust con,
psny o5:C'e ii Is allowed t. very seIiCusl